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GSTN brings in option for monthly, quarterly filing of forms

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....STN brings in option for monthly, quarterly filing of forms <br>GST<br>Dated:- 18-12-2017<br><BR>New Delhi, Dec 18 (PTI) Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, t....

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....oday said it has put a new function on its portal to allow taxpayers choose the frequency of filing GSTR 1 form on quarterly or monthly basis. Taxpayers with annual aggregate turnover up to &#8377; 1....

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.....5 crore in the previous financial year or anticipated in the current financial year can avail the option of filing quarterly returns. Form GSTR 1 summarises all the sales of a taxpayer. This has be....

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....en done as per decision taken in the 23rd GST Council Meeting. After giving their option, taxpayers can file GSTR 1 for the relevant return periods, the Goods and Services Tax (GST) Networks said in a....

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.... statement. It further said that taxpayers who opt for quarterly filing will have to select the last month of the quarter from the drop down menu. Further, all taxpayers who opt for monthly filing c....

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....an now file GSTR 1 from August onwards till November. Filing of return of previous month is mandatory. GSTN has been set up to provide IT infrastructure and services to the central as well as state g....

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....overnments, taxpayers and other stakeholders for implementation of the GST, which came into force on July 1 this year.<BR> News - Press release - PIB....